Fueling Your Small Business with SBA Lending - Online

The SBA does not lend money directly to small businesses. However, the SBA assists in bringing debt capital (i.e., loans ranging from a few thousand dollars up to $5 million dollars) to small businesses across the country by providing incentives such as a guarantee to their lending partners (e.g., non-profit lenders, small community banks, credit unions, regional lenders, and nationwide banks) to assist new and existing small businesses and industries for a variety of purposes.

In this webinar, you will learn about the various SBA loans including the 7a, 504, Micro, and Community Advantage Loan, and gain an understanding of when a Surety Bond might be needed.

Businesses can use SBA loans to:

• Provide long-term working capital for operational expenses or to purchase inventory;
• Obtain short-term working capital, including seasonal financing and exporting;
• Purchase equipment, machinery, furniture, fixtures, supplies, or materials;
• Buy land or purchase, build, or renovate an existing building;
• Expand an existing business; or
• Refinance debt (under certain conditions).

Currently, the SBA provides an 85 percent guarantee to SBA lenders for 7a loans under $150K and a 75 percent guarantee for 7a loans over $150K.

Speaker: Patrick Rodriguez, U.S. Small Business Administration (SBA)

Register by: 4:00 PM May 24

NOTE: For this webinar, there is a two-step registration process. Once you complete your registration with the Small Business Center (SBC), you should receive a confirmation email from centeric@centeric.ncsbc.net that includes a Zoom link for the second part of the registration process. In order to receive the video conferencing login information and guarantee your spot for the webinar, you must also register via the Zoom platform.